Our investment in these Spanish classics is a reflection of our commmitment to the local market, as well as the Latin American, in the long term, for the creation of truly international music.

BMG's delegated advisor, Hartwig Masuch, confirmed the acquisition: "we are delighted to reinforce BMG's presence in Spain with the acquisition of the Nova and Lirics & Music catalogues. Our investment in these Spanish classics is a reflection of our commmitment to the local market, as well as the Latin American, in the long term, for the creation of truly international music. We eagerly await subsequent development of our relationship with Prisa, the largest Spanish-language radio group in the world."

Daniela Bosé, general director of BMG Spain and Portugal, commented: "this purchase is a milestone for BMG that reinforces its position as one of the most important music companies in the Spanish language. In the recent years we have reached agreements with the most celebrated artists like Pablo Alborán, Miguel Bosé and Nacho Cano, all while betting on emerging talent as well. These two historic catalogues will contribute even more to our presence in the market."

Bertelsmann created BMG in 2008 along with a music label under the same name. Today it is present in nine markets and has the rights to two million songs and recordings, including Chrysalis, Bug, Virgin, Mute, Sanctuary, Primary Wave and Talpa Music's catalogues, as well as those of thousands of artists and authors that are attracted to the company's innovative vision.

Each fall, the USHCC hosts the country’s largest gathering of Hispanic business leaders: The USHCC National Convention. The Convention is held every year in a city that embodies the American entrepreneurial spirit and supports a thriving small business community.

With more than 2 billion active users worldwide, and 80 million monthly active users in Mexico alone, the social media giant is boosting revenue at a faster pace than expected. An important part of Facebook's efforts and investments are going into the creation of a major video advertising platform.